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Premium Rewards

Producer Bonus Program

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Group Short I N S U R A NVoluntary C E C O M P Term A N YDisability

Insurance

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Vision. Advice to Pay (ATP) and Select Claim policies are excluded. Note: New business that you generate with our sister company. Accidental Death and Dismemberment (AD&D). When sold with new Group Life coverage during the same calendar year. •  To retain eligibility. Dependents Life and Supplemental Life insurance receive 100 percent premium credits.5% 3.0% 2.5% 4.0% 3. LTD. each case must remain in force for the remainder of the calendar year.Make Business More Rewarding We appreciate your confidence in the range of quality insurance products and services from Standard Insurance Company. However. the greater the bonus. SST® and Quality Group Benefits Trust policies are not included as they have separate bonus plans. . • Payment Frequency: The New Business Bonus is paid quarterly.000 $100. The Standard Life Insurance Company of New York.000 $500. your bonus payment percentage increases according to the level of new premium credits. Level 1 2 3 4 5 6 New Premium Credits $25. as well as for retention of business. separate checks will be drawn from each company based on the bonus calculations. Bonus payment levels are retroactive as your production increases.000. This straight-forward program compensates you for both new and renewal group insurance business and offers incentives for higher premium.000. and we’re committed to making their business more rewarding for you. Premiums are credited at 50 percent for Group Dental insurance. • Exclusions: Administrative Services Only (ASO).000 $250. Voluntary Life and State Disability insurance. As listed in the chart below. the original selling producer must have sold at least $25. This brochure describes the program’s features and illustrates how meeting your clients’ needs can also help you reach your income goals. • Non-commissioned Cases: New Business Bonus may include non-commissioned cases if approved by The Standard prior to release of final proposal. And you can increase your compensation from The Standard by earning additional new premium credits throughout the year. We know you work hard to give your clients the coverage they need. •  A minimum of three new Group Life and/or Long Term Disability (LTD) cases must be written during the calendar year.0% 5. Additional Life. Short Term Disability (STD).000 $1. • Bonus Splits: As the premium credits are equal to the percent of commission received by each producer on a case. Our Premium Rewards Producer Bonus Program provides you with one of the most competitive bonus plans in the industry. bonus splits are easily accommodated. The Protector+SM(Guaranteed Standard Issue Individual Disability). Voluntary STD. The Standard SelectSM. New Business Bonus It pays to place new business with The Standard.000 $2.0% Features • Eligibility: • The original selling producer is eligible for the New Business Bonus. Voluntary LTD. • Incentive for Increased Business: The higher the premium. •  To qualify. Voluntary coverages do not qualify to meet these eligibility requirements.000+ Bonus Payment = Percentage of Annualized Premium 2. revocation would result in a debit (case eligibility is determined by The Standard).000 in annualized premium after accounting for case splits and Dental products at 50 percent premium credit. •  Premium Credits: Premiums are credited at 100 percent for Group Life. will be combined with your Standard Insurance Company sales for the purpose of calculating your bonus. • New Business Bonus Cap: The amount of New Business Bonus paid for each line of coverage is capped at two times our most current level-graded commission scale.

 The Protector+SM. STD. SST® and Quality Group Benefits Trust policies are not included as they have separate bonus plans. divided by premium in force on December 31 of preceding year.80% . When sold with existing Group Life coverage. rate adjustments and retention of cases. • • • • • Contact your local Employee Benefits Sales and Service Office representative today at 800.95% 1. the higher the Persistency Bonus.25% New Business Bonus Qualifications Required Yes No No No No Features • Eligibility: • A minimum of three Group Life and/or LTD cases in force on December 31 of the preceding year must remain in force on December 31 of the year for which the Persistency Bonus is calculated and assigned to you as the producer of record during the period (case eligibility is determined by The Standard).Persistency Bonus Our program rewards you for the block of business you maintain with The Standard. LTD. Note: Existing business that you maintain with our sister company.10% 1. The Standard SelectSM.9% . Premium Credits: Premiums are credited at 100 percent for Group Life. Voluntary coverages do not qualify to meet these eligibility requirements.000 in annualized billed premium in effect on those same contracts at the end of the bonus year after accounting for case splits and Dental products at 50 percent premium credit. • To qualify. Voluntary STD.000+ Block Retention 91.75% .9% .90% 1. Incentive for Increased Business: The higher the block retention and premium. the producer must be broker of record at year end on contracts that were in force the entire year. Block retention is calculated as premium in force on December 31 of current year. Cases that transfer to a producer during the year will not be included in either Block Retention or Persistency Bonus calculations for that year. Payment Frequency: The Persistency Bonus is paid annually. Voluntary Life and State Disability insurance.000. Vision. AD&D.633.05% Block Retention 95. will be combined with your Standard Insurance Company in force business for the purpose of calculating your bonus.00% 1.000 $1. Select Claim and non-commissioned plans are excluded. ASO.60% .0-94. End of Current Year In Force Premium $100.000 $500. The Standard Life Insurance Company of New York.15% Block Retention 99. Additional Life.80% . Persistency Bonus includes only fully insured group cases on which The Standard is paying commissions. and have at least $100. Our program recognizes growth of your block of premiums due to composition changes.0+% .000.0-98.70% . ATP.000 $250. Premiums are credited at 50 percent for Group Dental insurance. excluding current year new sales.8575 to see how you can increase your compensation with The Standard throughout the year.60% . the Persistency Bonus increases as you retain and grow your in force premium with us.70% . as well as for placing new clients with us. As outlined in the chart below. Exclusions: Cases that transfer from a producer and are retained by The Standard are excluded from the Persistency Bonus calculation but included in the Block Retention calculation. Voluntary LTD. separate checks will be drawn from each company based on the bonus calculations. However.85% 1. Dependents Life and Supplemental Life insurance receive 100 percent premium credit. Persistency Bonus Cap: The amount of Persistency Bonus paid for each line of coverage is capped at one times our most current level-graded commission scale.000 $2. .

001 – 500. Life and AD&D.001 – 100. Life and AD&D.001 – 50.001 – 50.000 ($150.1% For combinations of Group Dental and Vision.000 ($25. STD.0% Amount over $50.001 – 250.Current Graded Commission Scales Below is a reference to the commission scales used to calculate a bonus cap.000) 5. LTD.0% Next $10.000) 1% Next $350.000 ($2. Our Employee Benefits Products and Services • Group Long Term Disability Insurance • Group Short Term Disability Insurance • The Protector+SM Insurance(Individual GSI) • Group Dental Insurance • Group Vision Insurance • State Disability Insurance • V  oluntary Life.000) 6% Next $25.000) Next $25.000) 2.001 – 25.000) 2% Next $50.000 ($50. combine the annual premiums of these products prior to calculating the commission.001 .000) 2% Next $150. Voluntary Life.000) 20. Long Term Disability and Voluntary LTD Annual Premium First $15.000 ($25. Stand Alone AD&D Annual Premium Commission First $5.000 ($15.000 ($0 .000 0. combine Stand Alone AD&D premium with Life premium under the Life commission scale.000) 10% Next $5.001 – 5.000 ($15.000 ($100.5% Next $4.000 ($0 – 5.15.com SI 7483 (5/09) .001 – 10.000) 10% Next $15.000 0.0% Next $10.001 – 150.001 – 10.001 .000) 15. Voluntary STD.25. Commission for the Balanced Care Vision Choice products is a flat 10% and is calculated separately.001 – 20.000.000 ($30.000 ($50.000) 4% Next $50.001 – 100.000.000 ($10.5% For any combination of Group Life.000) Next $10.000) 3% Next $10. STD.001 – 25.000 ($5.000.000) 0. Dependents Life and Additional Life Annual Premium Commission First $2. Voluntary STD.0% Next $25. State Disability Insurance. Additional Life.5.001 – 50.000 ($5. Voluntary Life and State Disability insurance commissions are calculated separately.000) Amount over $50. Group Life.000 ($0 – 2.0% If Stand Alone AD&D is added to an existing Life contract.000 Commission 15% 10% 5% 1% The Protector+SM Policy year First Years 2–10 Commission 50% 5% Group Dental and Vision Annual Premium Commission First $5.5% Next $50.000 ($100.000 ($10.000) 6.000 ($1.50.5% Next $20.standard.000 ($20. Dental and Vision Insurance • Buy-up LTD and STD Insurance • Group Life Insurance • Accidental Death & Dismemberment Insurance • Additional Life Insurance • Supplemental Life Insurance • Dependents Life Insurance • Family Medical Leave Administration Standard Insurance Company 1100 SW Sixth Avenue Portland OR 97204 www.001 – 1.7% Next $500.001 – 30.001 .000 ($0 – 15.3% Amount over $5.000 ($500. combine the annual premiums of these products prior to calculating the commission.000) 0.000 1.000) 0.000) 1% Amount over $250. Supplemental Life Policy Year First All later years Commission Level 20% Level 10% Actual commissions paid are subject to the terms and conditions of the Producer Sales Contract.000.000) 1.5% Next $10.000 ($25.000) 15% Next $8. and Dependents Life.000) 10.000. STD.